Concord Asset Management LLC VA Increases Stock Holdings in The Travelers Companies, Inc. $TRV

Concord Asset Management LLC VA lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,219 shares of the insurance provider’s stock after buying an additional 504 shares during the period. Concord Asset Management LLC VA’s holdings in Travelers Companies were worth $1,931,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. PFG Advisors boosted its position in shares of Travelers Companies by 108.8% during the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after buying an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. boosted its position in Travelers Companies by 3.0% in the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after purchasing an additional 1,772 shares during the last quarter. Atlas Capital Advisors Inc. boosted its position in Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after purchasing an additional 4,098 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Travelers Companies by 47.3% in the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock worth $1,403,000 after purchasing an additional 1,703 shares during the last quarter. Finally, Alpha Cubed Investments LLC boosted its position in Travelers Companies by 200.2% in the first quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock worth $870,000 after purchasing an additional 2,194 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays set a $313.00 price objective on Travelers Companies in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research report on Thursday. Morgan Stanley boosted their price objective on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods upped their price target on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $290.11.

Travelers Companies Stock Performance

NYSE:TRV opened at $269.92 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $287.95. The firm has a market cap of $60.77 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 3.08 and a beta of 0.51. The business’s fifty day moving average is $273.66 and its 200 day moving average is $266.18.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the company posted $2.51 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, September 10th. Travelers Companies’s payout ratio is presently 19.46%.

Insiders Place Their Bets

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. Insiders own 1.46% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.